POSTS
Home prices are trending back up.
Every major price index points to a housing market that has hit bottom and is moving in a positive direction. After thirty months of declining values, homes prices appear to be stable or appreciating in nearly every U.S. market. In August 2010, the median home price...
How do you know?
How do you know when home prices have hit bottom?....When they start going back up. The time to buy is now.
Rates are edging up
Below is a graph sent by a lender I work with regularly. Rates for 30 year fixed have been in the 4's for quite a long time and they've been warning that they will edge up. Well today I see that the 30 year fixed has hit 5% (still historically low). as of 04/07/2011...
Mortgage rates are at rock bottom and won’t stay there forever!
The national average on a 30-year fixed rate mortgage dropped to 4.36 in August 2010--lower than it's been in the past half century. (this is trending upwards today as the rate is 4.75% which is still crazy low--but moving up) Interest rates a year and a half ago...
This Month in Real Estate
[youtube=http://www.youtube.com/watch?v=Zy8d1wfpYUQ]
More new shiny Information–or why Cash is King
Speaking with my broker this morning and discussing a recent sale I had involving a cash buyer--he mentioned that of Keller Williams Nashville's closings in February, 12 of the 54 closings were CASH money sales. That means for our market center, 22% of closings in...
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